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Evolutionary economics and household behavior
Horioka, Charles - 2014
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390070
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Evolutionary economics and household behavior
Horioka, Charles - 2014
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390395
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Why blu-ray vs. HD-DVD is not VHS vs. Betamax : the co-evolution of standard-setting consortia
Christ, Julian P.; Slowak, André P. - 2009
Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...
Persistent link: https://www.econbiz.de/10010485388
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Why Blu-ray vs. HD-DVD is not VHS vs. Betamax : the co-evolution of standard-setting consortia
Christ, Julian P.; Slowak, André P. - 2009
Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...
Persistent link: https://www.econbiz.de/10003958872
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Quantifying qualitative survey data : new insights on the (ir)rationality of firms' forecasts
Botsis, Alexandros; Görtz, Christoph; Sakellarēs, … - 2020
particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …
Persistent link: https://www.econbiz.de/10012174792
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Heterogeneous expectations among professional forecasters
Conrad, Christian; Lahiri, Kajal - 2023
Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity …. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and … discuss theoretical explanations for heterogeneous expectations. We then provide an overview of the empirical evidence …
Persistent link: https://www.econbiz.de/10014472058
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Market failure vs. system failure as a rationale for EU regional policy? : a critique from an evolutionary economic perspective
Schmidt, Peter - 2015 - Draft
This paper reconsiders the economic explanation of EU regional policy from an evolution- ary perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the prevalent evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this...
Persistent link: https://www.econbiz.de/10011479448
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Implementing the agroecological transition : weak or strong modernization of agriculture? : the example on the mycorrhiza supply chain in France : ERSA 54th Congress : Regional dev...
Angeon, Valérie; Chave, Marie - 2014 - (Provisory draft)
Industrial agriculture and its technological package (intensive farming, mechanization, use of chemicals) are no longer in position to ensure food security (Altieri et al., 2012). To overcome the strongly negative externalities produced by this model, agroecological transition may be considered...
Persistent link: https://www.econbiz.de/10011491965
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Market failure vs. system failure as a rationale for economic policy? : a critique from an evolutionary perspective
Schmidt, Peter - 2015
This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...
Persistent link: https://www.econbiz.de/10011403857
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The long-run evolution of infrastructure services
Goldsmith, Hugh - 2014
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...
Persistent link: https://www.econbiz.de/10010434094